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A platform for research: civil engineering, architecture and urbanism
A guide to valuing transport externalities by hedonic means
The hedonic cross‐sectional regression method has been a rich source of information on the price of urban amenities and disamenities generated by transport facilities. This paper offers the policy‐maker a guide to the origins, principles and critical assumptions of hedonic pricing models before examining the econometric problems involved in the actual measurement of the external effects of transport facilities. A case study demonstrates the technique and its pitfalls. Notwithstanding the problems of measurement, the hedonic regression method is a rewarding avenue of exploration as to the external effects of transport works.
A guide to valuing transport externalities by hedonic means
The hedonic cross‐sectional regression method has been a rich source of information on the price of urban amenities and disamenities generated by transport facilities. This paper offers the policy‐maker a guide to the origins, principles and critical assumptions of hedonic pricing models before examining the econometric problems involved in the actual measurement of the external effects of transport facilities. A case study demonstrates the technique and its pitfalls. Notwithstanding the problems of measurement, the hedonic regression method is a rewarding avenue of exploration as to the external effects of transport works.
A guide to valuing transport externalities by hedonic means
Williams, Alan W. (author)
Transport Reviews ; 11 ; 311-324
1991-10-01
14 pages
Article (Journal)
Electronic Resource
Unknown
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